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skelet666 [1.2K]
3 years ago
5

Which documents are necessary to calculate ros?

Business
1 answer:
pochemuha3 years ago
4 0
Use algebra to calculate the problem
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Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual
GenaCL600 [577]

Answer:

$3,160

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset .

Given that Williams Company purchased a machine costing $28,300 and is depreciating it over a 10-year estimated useful life with a residual value of $3,300,

Annual depreciation

= ($28,300 - $3,300)/10

= $2,500

At the beginning of the eighth year, a major overhaul on it was completed at a cost of $8,300,

Net book value at the beginning of the eighth year (before overhauling)

= $28,300 - 7($2,500)

= $10,800

Capitalizing the overhaul cost,

Net book value at the beginning of the eighth year (after overhauling)

= $10,800 + $8,300

= $19,100

Given that the total estimated useful life was changed to 12 years with the residual value unchanged,

Depreciation for the eighth year

= ($19,100 - $3,300)/5

= $15,800/5

= $3,160

7 0
3 years ago
What does a population possibilities curve represent
jeka94
I'm guessing its a combination of two goods that can be produced using limited resources in order for a economy to be efficient they must be able to decide on the products and services they can produce with their limited resources.
4 0
3 years ago
n rural areas electrical power is often sold by ____________ that take advantage of the government's policy to sell them electri
Dmitriy789 [7]

Answer:

Cooperatives

Explanation:

Cooperatives are people-centered enterprises owned, controlled, and run by and for their members to realize their common economic, social, and cultural needs and aspirations.

4 0
2 years ago
7. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can affort is $350. The loan will have
nordsb [41]

Answer:

$13,290.89  and $15,734.26

Explanation:

In this question we have to use the Present value function which is shown on the attachment below:

In the first case

Provided that

Future value = $0

Rate of interest = 12%  ÷ 12 months = 1%

NPER = 48 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $13,290.89

In the second case

Provided that

Future value = $0

Rate of interest = 12%  ÷ 12 months = 1%

NPER = 60 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $15,734.26

8 0
3 years ago
Type an I beside the items that are used for state income and an E for those that are state expenses.
Anastaziya [24]

Answer:

e, e ,i, i, i, e is the order from top to bottom

3 0
2 years ago
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